Fixed Income Fund. Except to the extent amended hereby, the Agreement shall remain in full force and effect.
Fixed Income Fund. Britam USD Fixed Income Fund is suitable for investors whose liquidity needs are predictable and are able to invest their funds in largely fixed income securities. The fund is ideal for; • Short term savings/deposits • Investment of retirement proceeds to generate consistent monthly income • Investment of reserve funds (sinking funds) for landlords to cater for maintenance and insurance costs • Accumulation of project funds • Investment of business income • Your risk profile • Your time horizon for the investment • Whether you require regular income from the investment or purely looking for capital growth • Returns from the financial markets • The type of assets within the unit trust portfolio • Attractive returns, • Easy and affordable investment • Diversification of risks • Expertise in professional management • Value for money • Flexible investment options • Liquidity • Safe and transparent Fund Objective The investment objective of the Fund is to endeavor to maximize the level of total return to investors by generating a reasonable level of current income and maximum stability of the capital invested while minimizing the volatility of the portfolio. Investment Risk Level Low to Medium Risk Fund Currency USD Minimum Investment Amount Minimum initial investment and holding - USD 1,000 Minimum top up amount - USD 500 Minimum Withdrawal Amount - USD 100 Tax on Interest The Income Tax Act (ITA) of Kenya applies Initial Fees 0% Annual Management Fee Maximum of 1.5%p.a. of Assets Under Management. Switch Charge A switch charge shall not be applicable. Outperformance Fee Calculated daily as 20% of returns above the performance hurdle rate defined as the SOFR. The performance hurdle rate is ONLY used for assessing the outperformance fee.
Fixed Income Fund. By: /s/ --------------------------------- Name: ___________________________ Title: __________________________
Fixed Income Fund. By: /s/ J. Xxxxx Xxx ------------------------------------- Name: J. Xxxxx Xxx Title: Vice President and Secretary
Fixed Income Fund. In such capacity, the Sub-Adviser shall, subject to the supervision of the Adviser and the Board, regularly provide the Fund with investment research, advice and supervision and shall furnish continuously an investment program for the Fund, with respect to assets allocated by the Adviser for purposes of investing Fund assets in emerging market debt securities and currency, consistent with the investment objectives and policies of the Fund. The Sub-Adviser shall determine, from time to time, what investments in emerging market debt securities and currency shall be purchased for the Fund and what such securities shall be held or sold by the Fund, subject always to the provisions of the Trust's Agreement and Declaration of Trust, By-Laws and its registration statement on Form N-1A (the "Registration Statement") under the Investment Company Act of 1940, as amended (the "1940 Act"), and under the Securities Act of 1933, as amended (the "1933 Act"), covering Fund shares, as filed with the Securities and Exchange Commission (the "Commission"), and to the investment objectives, policies and restrictions of the Fund, as each of the same shall be from time to time in effect. To carry out such obligations, the Sub-Adviser shall exercise full discretion and act for the Fund in the same manner and with the same force and effect as the Fund itself might or could do with respect to purchases, sales or other transactions. Notwithstanding the foregoing, the Sub-Adviser shall, upon written instructions from the Adviser, effect such portfolio transactions for the Fund as the Adviser may from time to time direct; provided however, that the Sub-Adviser shall not be responsible for any such portfolio transactions effected upon written instructions from the Adviser. No reference in this Agreement to the Sub-Adviser having full discretionary authority over the Fund's investments shall in any way limit the right of the Adviser, in its sole discretion, to establish or revise policies in connection with the management of the Fund's assets or to otherwise exercise its right to control the overall management of the Fund's assets.
Fixed Income Fund. Investment Objective: to seek to provide a combination of income and capital growth. Principal Investment Strategies: The Fund invests, under normal circumstances, at least 80% of the value of its net assets, plus the amount of any borrowings for investment purposes, in fixed income instruments. The fixed income instruments in which the Fund may invest include, but are not limited to, the following: obligations issued or guaranteed by the U.S. Government, its agencies or instrumentalities; mortgage-backed securities issued or guaranteed by the U.S. Government or its agencies or instrumentalities, including U.S. agency mortgage pass-through securities; commercial mortgage-backed securities; mortgage to-be-announced (“TBA”) securities; debt obligations of U.S. issuers; municipal securities; asset-backed securities; money market securities; U.S.- registered dollar denominated debt obligations of foreign issuers, and derivatives with similar economic characteristics to such fixed-income securities. The Fund seeks to invest a substantial portion (generally, at least 60% at notional value) of its assets in U.S. registered, dollar-denominated bonds or derivatives with similar economic characteristics. The Fund may invest in bonds issued by companies located in countries other than the United States, including companies in emerging markets. The fixed income instruments in which the Fund invests may have all types of interest rate payment and reset terms, including fixed rate, adjustable rate, floating rate, zero coupon, contingent, deferred, payment in kind and auction rate features. The Fund may invest up to 20% of its assets in securities rated below investment grade or which are deemed to be of comparable quality by BFA (“high yield” or “junk” bonds) at the time of purchase. Investment grade bonds are bonds rated in the four highest categories by at least one of the major rating agencies or determined by Fund management to be of similar quality. The Fund may invest in bonds of any maturity or duration. The Fund may invest a significant portion of its assets in U.S. agency mortgage pass-through securities, which are securities issued by entities such as the Government National Mortgage Association and the Federal National Mortgage Association that are backed by pools of mortgages. Most transactions in mortgage pass-through securities occur through standardized contracts for future delivery in which the exact mortgage-backed securities to be delivered are not spe...
Fixed Income Fund. MANDATES
Fixed Income Fund. The Portfolio is designed for Account Owners who seek a broadly diversified portfolio with an asset allocation that is intended to remain static over time. See Fixed Income Fund and Blended Equity Portfolio for more information. Managers: Columbia Management Investment Advisers, LLC; AllianceBernstein LP; Silvant Capital Management, LLC; Quantitative Management Associates, LLC (QMA); The Boston Company Asset Management, LLC; Fiduciary Management, Inc.; PanAgora Asset Management, Inc.
Fixed Income Fund. The objective of this Fund is to provide a higher level of current income from fixed income investments with slightly longer maturities. The Fund is actively managed and invests in U. S. Treasury and federal agency bonds, quality corporate issues, and money market investments. % EQUITY FUND: The objective of this fund is to produce a total investment return in excess of the S & P 500 Index, while generating a higher level of current income than is typical of growth-oriented equity funds. This fund includes high quality stocks providing both growth in capital value and dividend income.
Fixed Income Fund. This AGREEMENT dated as of the 1st day of December, 2019 is entered into among Xxxxxxxx Series Trust (the "Trust"), a business trust organized under the laws of The Commonwealth of Massachusetts, with its principal place of business at Xxx Xxxxxxx Xxxxxx Xxxxx, Xxxx, XX 00000, Xxxxxxxx Investment Management North America Inc. (the "Adviser"), a corporation organized under the laws of the State of Delaware with its principal place of business at 0 Xxxxxx Xxxx, Xxx Xxxx, XX 00000, and Xxxxxxxx Investment Management North America Limited (the "Subadviser"), a company organized under the laws of England, with its principal office and place of business at 0 Xxxxxx Xxxx Xxxxx, Xxxxxx, X.X. XX0X 0XX.
